Town of Philipstown, NY Article II Senior Citizens Tax Exemption

[Adopted 12-4-1986 by L.L. No. 1-1987]

§ 156-7 Exemption granted.

[Amended 9-7-1989 by L.L. No. 5-1989]

Pursuant to the provisions of § 467 of the Real Property Tax Law and as therein provided, real property owned by one or more persons, each of whom is 65 years of age or over, or real property owned by a husband and wife, one of whom is 65 years of age or over, shall be exempt from taxation to the extent of the percentage of assessed valuation thereof as herein provided.

§ 156-8 Eligibility for exemption.

[Last amended 11-16-2006 by L.L. No. 4-2006]

All of the provisions, conditions and requirements of § 467 of the Real Property Tax Law and amendments thereto shall apply to the application for and the granting of such an exemption on the assessment roll of the Town of Philipstown. The maximum income eligibility level of the owner or owners of the property for the income fax year immediately preceding the date of making application for exemption shall be based on the maximum annual income range specified herein as follows:

A. Beginning July 1, 2006:

Maximum Annual Income Range	Percentage of Assessed Valuation Exempt from Taxation
$0 or more, but less than $26,000	50%
$26,000 or more, but less than $27,000	45%
$27,000 or more, but less than $28,000	40%
$28,000 or more, but less than $29,000	35%
$29,000 or more, but less than $29,900	30%
$29,900 or more, but less than $30,800	25%
$30,800 or more, but less than $31,700	20%
$31,700 or more, but less than $32,600	15%
$32,600 or more, but less than $33,500	10%
$33,500 or more, but less than $34,400	5%
$34,400 or more	0% (no exemption)

B. Beginning July 1, 2007:

Maximum Annual Income Range	Percentage of Assessed Valuation Exempt from Taxation
$0 or more, but less than $27,000	50%
$27,000 or more, but less than $28,000	45%
$28,000 or more, but less than $29,000	40%
$29,000 or more, but less than $30,000	35%
$30,000 or more, but less than $30,900	30%
$30,900 or more, but less than $31,800	25%
$31,800 or more, but less than $32,700	20%
$32,700 or more, but less than $33,600	15%
$33,600 or more, but less than $34,500	10%
$34,500 or more, but less than $35,400	5%
$35,400 or more	0% (no exemption)

C. Beginning July 1, 2008:

Maximum Annual Income Range	Percentage of Assessed Valuation Exempt from Taxation
$0 or more, but less than $28,000	50%
$28,000 or more, but less than $29,000	45%
$29,000 or more, but less than $30,000	40%
$30,000 or more, but less than $31,000	35%
$31,000 or more, but less than $31,900	30%
$31,900 or more, but less than $32,800	25%
$32,800 or more, but less than $33,700	20%
$33,700 or more, but less than $34,600	15%
$34,600 or more, but less than $35,500	10%
$35,500 or more, but less than $36,400	5%
$36,400 or more	0% (no exemption)

D. Beginning July 1, 2009:

Maximum Annual Income Range	Percentage of Assessed Valuation Exempt from Taxation
$0 or more, but less than $29,000	50%
$29,000 or more, but less than $30,000	45%
$30,000 or more, but less than $31,000	40%
$31,000 or more, but less than $32,000	35%
$32,000 or more, but less than $32,900	30%
$32,900 or more, but less than $33,800	25%
$33,800 or more, but less than $34,700	20%
$34,700 or more, but less than $35,600	15%
$35,600 or more, but less than $36,500	10%
$36,500 or more, but less than $37,400	5%
$37,400 or more	0% (no exemption)

§ 156-9 Applicability.

[Last amended 11-16-2006 by L.L. No. 4-2006]

This article shall apply to assessment rolls beginning July 1, 2006, and the provisions of § 467 of the Real Property Tax Law, as amended, shall govern the granting of exemptions.